Forecast: Plastic Packaging Goods Number of Persons Employed in the UK

The employment in the UK's plastic packaging goods industry experienced fluctuations between 2013 and 2023, starting at 23.51 thousand in 2013 and reaching 24.42 thousand in 2023. Notable variations include a significant drop in 2016 followed by a substantial increase in 2017. Between 2022 and 2023, employment increased by 0.45%. When considering the compound annual growth rate (CAGR) over the previous five years, it shows a modest increase of 1.15% yearly on average.

Future forecasts suggest steady growth, with employment reaching 24.91 thousand by 2028. The forecasted five-year CAGR from 2023 to 2028 estimates a more conservative annual growth of 0.32%, indicating a gradual stabilization in the market.

Future trends to watch for include:

  • Advancements in sustainable and eco-friendly packaging solutions.
  • Impact of regulations on single-use plastics influencing employment dynamics.
  • Technological innovations potentially leading to automation and reduced labor dependency.

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